EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2024

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE M – EARNINGS PER SHARE

The following table reflects the computation of basic and diluted earnings per common share for the years ended December 31:

	2024		2023		2022
	(in thousands, except share and per share data)
Basic
Numerator:
Net income from continuing operations	$	173,361	$	142,164	$	294,648
Net income from discontinued operations		600		53,269		3,561
Net income	$	173,961	$	195,433	$	298,209
Denominator:
Weighted-average shares		23,553,410		24,018,801		24,585,205
Basic earnings per common share
Continuing operations	$	7.36	$	5.92	$	11.98
Discontinued operations		0.03		2.22		0.14
Total basic earnings per common share(1)	$	7.39	$	8.14	$	12.13
Diluted
Numerator:
Net income from continuing operations	$	173,361	$	142,164	$	294,648
Net income from discontinued operations		600		53,269		3,561
Net income	$	173,961	$	195,433	$	298,209
Denominator:
Weighted-average shares		23,553,410		24,018,801		24,585,205
Effect of dilutive securities		266,765		615,816		919,303
Adjusted weighted-average shares and assumed conversions		23,820,175		24,634,617		25,504,508
Diluted earnings per common share
Continuing operations	$	7.28	$	5.77	$	11.55
Discontinued operations		0.03		2.16		0.14
Total diluted earnings per common share(1)	$	7.30	$	7.93	$	11.69

(1) Earnings per common share is calculated in total and may not equal the sum of earnings per common share from continuing operations and discontinued operations due to rounding.